Top 10 Best Stock Market Trading Analysis Software Review 2020

The Webs Most In-Depth Comparison & Test of Stock Trading Software For Stock Market Analysis Helps You Choose the Best Investing/Trading Platform

Welcome to the most detailed Stock Trading Platforms Review on the planet. I have been trading and investing for 21 years as a professionally certified market analyst. I compare & test over 1200 different features & functions across 30 products.

Top 10 Best Stock Market Trading Software Review
Top 10 Best Stock Market Trading Software Platforms

Why?  So you can choose the very best package available to suit your investing style and budget.

The Best Stock Trading Software Platforms Summary

The best stock trading software platform depends on your needs. Traders need good chart analysis, real-time news & technical market scanning. Investors need stock software for financial screening, research & portfolio management.

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Top 10 Best Stock Analysis Software Platform Winners

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1. TradingView: Overall Best Stock Trading Platform & Community

Recommended for all international Stock, Forex & Crypto Markets. For traders who value a great price, insanely good chart analysis & backtesting with a huge social community. TradingView is an easy to use yet powerful platform.

Price: $0 – $50/mPros
Trade Commissions: See Broker★ Social First, Chat, Publish, Follow
Rating ★★★★★★ Great Backtesting
★ Easy to use, perfect for beginners
★ Cryptocurrency, Forex, Stocks USA & Globally
★ Great Stock Screening
Try TradingView Free NowCons
✘ No Real-time News

 

TradingView Best Overall Platform & Community

There is no doubt about it, TradingView has stormed into the review winners section and is holding its place as number 1 overall. I love TradingView and use it every day; I post charts, ideas, and analysis regularly and chat with other traders.

TradingView Pricing & Software ★★★★

You can have TradingView for free, and it is a review winner for our Best Free Charting Software Review.  However, there are limitations.  I would recommend going for the PRO+ at $19 per month or the Premium at $39 per month; the benefits are extensive, including priority customer support and unlimited everything.

Liberated Stock Trader Review Winner
TradingView – Winner Best Overall Trading Platform

Also, a huge benefit is that the data speed and coverage are mind-blowing, covering literally every stock market on the planet and not just stocks but ETF’s, mutual funds, futures, forex, bonds & cryptocurrencies AT NO EXTRA COST.

TradingView Software Download for PC & Mac ★★★★

TradingView is an HTML 5 application that runs in the cloud.  This means you do not need to download any software for the PC or Mac. When you launch TradingView, the HTML 5 code downloads to your PC browser automatically, and it simply works. You can quickly start TradingView in a browser by clicking this link. Launch TradingView Charts.

Trading with TradingView ★★★★

With TradingView in the USA, you get great broker integration with TradeStation for Stocks and Forex.com (A Great Currency Broker for US Clients). In Europe, you have integration FXCM and Saxo Group for currency and CFD trading. You can place trades directly from charts, and it will take care of profit & loss reporting and analysis for you.  The only thing it does not cover is Stock Options trading. I expect the major global discount brokers soon to be available.

Stock Scanning & Screening ★★★★

TradingView hit the mark on real-time scanning and filtering.  The list of fundamentals you can scan & filter on is genuinely huge.  Any idea you have based on technicals will be covered.  They even have insane amounts of economic data like Federal Funds Rates and World Economic Growth, thanks to a connection to the QUANDL database.

Moving Averages Ribbon - Beautifully Implemented In TradingView
Moving Averages Ribbon Beautifully Implemented In TradingView

TradingView Social Community Trading Platform ★★★★

As soon as you connect to TradingView, you realize this is also developed for the community.  You can look at community ideas, post your charts and ideas, and join limitless numbers of groups covering everything from Bonds to Cryptocurrencies. This makes for an excellent way to generate ideas or learn from other traders.  You have to try it and see it in action to understand the power of the implementation.

I use TradingView all the time; you can follow me on TradingView.

The news feeds are fully integrated, including Kiplinger, DailyFX, Futures Magazine, FXStreet, and StockTwits.  Add that to the social network, and you have a great solution.

TradingView is the King of Social with the biggest and best community.

TradingView Technical Analysis ★★

With over 160 different indicators, and unique specialty charts such as LineBreak Charts, Kagi Charts, Heikin Ashi Charts, Point & Figure Charts, and Renko Charts, you have everything you will need as an advanced trader.  With the Premium membership, you also get Level II insight, fully integrated. Did I mention the charts are fast and beautiful?

TradingView - Insanely Beautiful Chart, with a massive selection of indicators. This Chart Feature Moonphase and Darvas Boxes
TradingView: Insanely Beautiful Charts, with a massive selection of indicators. This Chart Feature Moon phase and Darvas Boxes

I was incredibly impressed with the offering of Kagi, Heikin Ashi, and Renko Charts, including Point & Figure and Line Break. Also, the user community has developed indicators as exotic as Moon Phase and Ribbon Charts.

With this selection of charts, you have everything you will need as an advanced trader.  Plus, with the Premium membership, you also get Level II insight, fully integrated.  Well done, TradingView.

TradingView Backtesting & Auto-Trading 

Good but not perfect.   TradingView has an active community of people developing and selling stock analysis systems, and you can create and sell your own with the Premium-level service.  Also, there are a vast number of indicators and systems from the community for free. The only thing you cannot do is forecast and implement Robotic Trading Automation.  For forecasting, you are better off with MetaStock.

TradingView has an active community of people developing and selling stock analysis systems, and you can create and sell your own with the Premium-level service.  Also, there are a considerable number of indicators and systems from the community for free.

They have implemented backtesting effortlessly and intuitively.  In the image below, I have implemented an in-built strategy called “Slow Stochastics,” which initiates a trade when the stochastics indicators are oversold and sells when stochastics is overbought.

Backtesting Strategies With TradingView
Excellent Backtesting Strategies With TradingView

I like that in a few clicks [Strategy Tester -> Add Strategy], you have results.  You can also tweak the strategy parameters, as you can see above, and observe the results.  Reporting is good, and the tabs show you the profit performance of the strategy.

TradingView Backtesting Reporting:

  • Net Profit
  • Drawdown
  • Buy & Hold Return
  • % Profitable Trades
  • Number of Trades
  • Charts on trade performance, and much more.

I have even implemented my Stock Market Crash Detector strategy into TradingView. I am not a developer, but the Pine Script language is so easy anyone can do it.

Market Replay

TradingView also has a market replay functionality that enables you to play through the timeline and shows you the chart scrolling and the trades executed; it is simple and powerful to use.  All buy and sell orders are drawn on the chart and highlighted.  All in all, a great package, and the backtesting is actually included in the free version.

The only things you cannot do are forecast and implement Robotic Trading Automation, but that is typically what broker integrated back-testing tools perform.

TradingView Usability ★★

Within 1 minute, I was up and running TradingView, no credit card, no installation, and no configuring data feeds; it is literally ready to go because TradingView works with a single click.

Try TradingView For Free Now + Bonuses*Read the Full TradingView Review

*If you register for TradingView, let me know by connecting to me: “liberatedstocktrader” on TradingView & I will send you the Liberated Stock Trader Crash Detector Training Course & Book worth $49 for free.

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2. Trade Ideas: Winner Best AI Stock Prediction Software

Recommended for Day Traders wanting A.I. driven trading signals. Trade Ideas provides actual buy & sell signals for trades by performing millions of backtests per day on 70+ strategies. The Holly A.I. platform has an audited track record of beating the market.

Price: $118 – $228/mPros
Trade Commissions: IB★ 3 A.I. Trading Algorithms That Beat the Market
Rating ★★★★★★ Fully Automated Backtesting
Special Deal: Use Code “Liberated” for a 15% Discount★ Exceptional Stock Scanning
★ Specific Audited Trade Signals
★ Auto-trading With AI Signals
Cons
Try Trade Ideas Free Now✘ User Interface

Trade Ideas Stock Trading Platform Review

Trade Ideas is a powerful stock market scanning and artificial intelligence-powered trading ideas generation platform. Despite a clunky user interface, the real power lies underneath with 30 channels of trading ideas & 3 AI systems pinpointing trading signals for day traders. Trade Ideas promises and delivers the nirvana of market-beating returns.

Trade Ideas Pricing ★★★★

While Trade Ideas is clearly the most expensive software in this review, that is for a reason.

Trade Ideas, unlike any other software, does all the work for you providing you specific market beating AI trading Signals, to help you make regular profits.

Liberated Stock Trader Review Winner
Trade Ideas Review Winner – Best AI Trading Software & Backtesting

Trade Ideas Standard costs $118 per month, or you can save $348 by going for an annual subscription costing $1068, a 25% discount. For this investment, you get:

  • Live Trading Room – Full access to the live trading room.
  • Real-time Streaming Trade Ideas – Scanner providing access to 40 pre-configured scans.
  • Simultaneous Charts – The ability to have 10 chart windows open.
  • Chart Based Visual Trade Assistant – The ability to trade directly from charts.
  • Up to 500 Price Alerts – Price alerts to notify you when a stock meets your criteria.
  • Channel Bar Curated Workspaces – Access to 30+ channels of ideas.

Trade Ideas Premium costs significantly more than Standard costing $228 per month, or you can save $468 by going for an annual subscription costing $2268. For this extra cash, you get access to everything above, but also the robust backtesting and the Holly Artificial Intelligence System. Features include:

  • A.I. Virtual Trading Analyst Holly – 4 different constantly evolving A.I. algorithms
  • Chart Based A.I. Trade Assistance & Entry and Exit Signals
  • Risk Assessment – Detailed information on the backtested performance of the recommended trade.
  • Build and Backtest any Trade Idea – Extremely powerful point & click backtesting system.
  • Autotrade w/ Brokerage Plus and A.I. – Advanced auto trading using Interactive Brokers.

The Trade Ideas Platform ★★

To be honest, when you first open Trade Ideas on your desktop, the software feels extremely clunky and not very user friendly. Every pane in the screenshot below is actually its own separate individual window, so if you want to resize the view, you need to resize all 8 windows. This seems such a hassle initially and seems to hark back to the age of Windows 98.

But, there is a good reason for this design. Like I, if you operate multiple monitors and large screens, you have endless flexibility and window configuration options.  Also, even though they are fully separate windows, they can be linked and unlinked together to provide a fluid experience.

Trade Ideas Platform, Channels & Charts
Trade Ideas Platform, Channels & Charts

So although it is clunky and some of the most important functions are hidden behind right-click menu’s in certain windows, you start to get used to the design after a few hours.

Stock Scanning & Screening ★★★★

At the heart of the platform is the Trade Ideas scanner system, and it is absolutely unique. By clicking New -> Alerts, you get access to the Alert Config Window, which gives you immediate access to over 40 different trading scans. In the screenshot below, you can see all the in-built scans categorized into Bullish, Bearish, or Neutral. Depending on the overall market direction, you can easily select a potential strategy for the day.

Trade Ideas Scanner
The Excellent Trade Ideas Scanner & Strategy Engine

One scan I find particularly impressive and innovative is the “Unusual Social Mentions Scan.” The Trade Ideas AI engine is constantly scanning StockTwits for surges in mentions of particular stocks, so if you click load settings, you will be immediately presented with a list of stocks spiking on social media.

Is Trade Ideas AI Profitable?

Trade Ideas’ performance is available on their website, and it is quite impressive, averaging 23% to 33% per year. But to judge the performance of any system, we have to compare it to the underlying benchmark’s performance. In this case, I compare $50,000 investing in the S&P 500 versus day trading with Trade Ideas.

AI PerformanceStart Capital Jan 2019End Capital Oct 2020Period ProfitProfit Per Year
Holly Grail (AI) $50,000.00 $71,186.0042%23%
Holly 2.0 $50,000.00 $80,510.0061%33%
Holly Neo $50,000.00 $71,186.0042%23%
S&P 500 $50,000.00 $66,000.0032%17%

 

As you can see, Holly has out-performed the S&P 500 since 2019.  Interestingly Holly did not suffer the huge losses incurred in the S&P 500 during the Corona Crash from March to April 2020.

Technical Analysis ★★

The one area in which I felt let down was the ability to perform my own technical analysis. Most technical analysis software, backtesting, and charting platforms offer at least 50 different technical analysis tools. Trade Ideas does not play that game. With TI, you simply 5 stock chart indicators, volume, moving averages, VWAP, and trendlines.

This is largely because Trade Ideas does all the work for you.  If you want to perform a detailed technical analysis, Trade Ideas is not for you.

Backtesting & Auto-Trading  

The Trade Ideas platform has a potent back-testing system that is easy to use, but you do not need to have any programming knowledge.  A point and click backtesting system is rare in this industry; the only good software with this capability is TrendSpider.

I have run many backtests with Trade Ideas, but the one I wanted to focus on was a backtest of the “Unusual Social Mentions Scan.”  This is a good test of the wisdom of crowds.

Trade Ideas - OddsMaker Backtesting The Social Mentions Strategy
Trade Ideas – OddsMaker Backtesting The Social Mentions Strategy

The most amazing thing of all is that you can set Holly AI to auto-trade for you through Interactive Brokers.

Is Trade Ideas Easy to Use? ★★

Trade Ideas takes time to learn; I would estimate at least 4 days of effort, perhaps longer. The great thing is, you will get a personal training session when you sign up. If you aspire to be an active, profitable day trader, this package is well worth it, as all the hard work is done for you every day.  I am thrilled to partner with Trade Ideas because they bring a unique and extremely powerful service to retail stock traders.

Trade Ideas Discount Coupon Code

As a partner of Trade Ideas, I requested a discount for all our readers. Use the discount code “Liberated” to get 15% off your first purchase, worth $340 when going for the premium service.

Get 15% Off Trade IdeasRead the Full In-Depth Trade Ideas Review

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3. MetaStock: Winner Best Stock Analysis Forecasting & Backtesting Software

Recommended for stock traders who need excellent real-time news, access to a huge stock systems marketplace, and the best technical stock chart analysis. All international exchanges are covered & backed up with excellent customer services.

Price: $22 – $99/mPros
Trade Commissions: N/A★ The Best Charts & Indicators Selection
Rating ★★★★★★ The Best System Backtesting
Special Deal: 3 Months for the price of 1★ Real-time News from Reuters (with Refinitiv)
★ All International Stock Exchanges
Cons
✘ PC Only/No Mobile App
Visit MetaStock✘ No Broker Integration

 

MetaStock Review Winner Best Backtesting & Technical Analysis SoftwareThe latest release of Metastock is a big hit with improvements across the board. Considerable advances in scanning, backtesting, and forecasting make this one of the best offerings on the market.

MetaStock Pricing and Software ★★★

MetaStock is one of the biggest fish in the sea of stock market analysis software.  Backed up by the mighty Thomson Reuters, you can expect excellent fast global data coverage and broad market coverage, including equities, futures, forex, ETF’s and options.

MetaStock by itself starts at $69 per month, which unlocks the end-of-day data package. As you will see, that is an excellent combination of award-winning technical analysis and expert advisors for system backtesting, forecasting, and analysis.

Liberated Stock Trader Review Winner
MetaStock – Winner Best Backtesting, System Trading & Analysis Platform

MetaStock is designed only for the PC but can be run on Mac with PC emulation software.  You will need to download and install MetaStock and configure your specific data feeds for the markets you want to trade.  So the software installation is not as slick and quick as competitors, but the package is potent because it enables you to configure different data providers, like your broker, for example.

MetaStock Live Trading

MetaStock does provide limited broker integration, but the execution of trades from charts and live integrated profit and loss analysis of your live portfolio is limited.

MetaStock Scanning & Screening ★★★

Using MetaStock Refinitiv, you can see a really in-depth analysis of company fundamentals from debt structure to top ten investors, including level II.  Excellent watch lists featuring company financials and powerful scanning of the markets warrant a perfect score.

MetaStock Real-time News Score ★★★

MetaStock’s Refinitiv integration means you get institutional quality real-time news, analysis, research, and economic outlooks.  This is the fastest global news service available on the market, including translations into all major languages.

MetaStock Technical Chart Analysis ★★★

MetaStock has over 350 stock chart indicators, the broadest selection of technical analysis tools on the market today. MetaStock is the clear leader in pure technical analysis of stock charts, which includes Point & Figure and Market Profile Charts.

Add to this, innovations such as Foreign Exchange (Forex) forecasting based on market sentiment, which is an absolutely exceptional feature.  MetaStock Screens

 

MetaStock Systems & Backtesting ★★★

Another area where MetaStock excels is what they call the expert advisors.  MetaStock harnesses many inbuilt systems that will help you, as a beginner or intermediate trader, understand and profit from technical analysis patterns and well-researched systems.  This is really a key area of advantage.  The most significant addition to the MetaStock arsenal is the forecasting functionality, which sets it apart from the crowd.

MetaStock harnesses many inbuilt systems that will help you, as a beginner or intermediate trader, understand and profit from technical analysis patterns and well-researched systems.  You can even use artificial intelligence like functionality to test a set of variables within your backtesting.  For example, you could test if price moves above the moving average 10,11,12,14,16,18 or 20 in a single test to see which of the moving averages best work with that stock.

MetaStock Forecaster Capability

The most significant addition to the MetaStock arsenal is the forecasting functionality, which sets it apart from the crowd.  By selecting Forecaster from the power console, you can simply choose one or more stocks, ETF’s or Forex pairs and click forecast.

The Powerful MetaStock Forecasting Tool
The Powerful MetaStock Forecasting Tool

You are then presented with an interactive report which enables you to scan through the many predictive recognizers which help you understand the basis for the prediction and the methodology.

Is MetaStock Easy to Use?

MetaStock still has the feel of a collection of separately developed applications that require user’s education to make them work together.  However, the vast selection of automated “expert advisors” you can deploy on the range of stocks in your purview makes MetaStock well worth the investment.

3 Months for the Price of 1 on MetaStockRead the Full In-Depth MetaStock Review

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4. Stock Rover: Winner Best Stock Analysis Software for Investors

Best for USA & Canada Value, Dividend & Growth investors. Stock Rover is the leading financial analysis stock research & screening software. It enables easy implementation of nearly every investing strategy & connects to your broker for portfolio mgt.

Price: Free – $27/mPros
Trade Commissions: N/A★ Huge Selection of Fundamental & Financial Scanning Criteria
Rating ★★★★★★ Incredible Stock Scoring Systems Allow You To Find Perfect Matches For Your Portfolio
★ Unique 10 Year Historical Fundamentals Data
★ Warren Buffett & Value Screeners & Portfolios Fully Integrated
★ The Best Usability & Setup
Get Stock Rover Free NowCons
✘ No Social Community

 

Stock Rover Best Research & Screening Software For InvestorsIt is awe-inspiring that Stock Rover has stormed into the review winners section on its first try.  It is also the outright winner in our Best Stock Screener Review.

I now actively use Stock Rover every day to find the undiscovered gems that form the foundations of my long-term investments.  Using Stock Rover, I have created multiple screening strategies for dividends and value investing that I cannot live without now.

I do not say this lightly. If you are a US Investor, Stock Rover is the best & only software you ever need.

Stock Rover Best Stock Software For Growth, Income & Value Investors
Stock Rover Best Stock Software For Growth, Income & Value Investors

Stock Rover Pricing ★★★

You can have Stock Rover for free; however, the real power of Stock Rover is unleashed with the Premium Plus service.  Moreover, their top tier of service is not even expensive compared to the competition.  I strongly recommend going for the Stock Rover Premium Plus at $27.99 per month.  Why?  Because having used the service extensively, I cannot live without the unlimited stock ratings, analyst ratings scoring, and the incredible Value Screening and margin of safety scoring.

Stock Rover Platform ★★★

Stock Rover runs on PC, Mac, Tablets, and Smartphones and requires zero installation; it simply works.  The market data, scoring, ranking, and analysis are for the USA & Canadian markets only.

  • Zero client installation; very quick to setup
  • Zero data downloads and data management required on the local client device
  • Cross-device compatibility (PC, Mac, Tablet, Smartphone)

Stock Rover has the best implementation of stock screening on a cloud-based architecture on the market.

Investment & Portfolio Mgt. ★★★

With Stock Rover, you get integration with every major broker, including our review winning brokers, Firstrade and Interactive Brokers. You cannot place trades from charts, but it will take care of profit & loss reporting on your portfolio and provide portfolio rebalancing recommendations. Including income (dividend) reporting and scoring is a unique package.

What Does Stock Rover Do Best?

  • Real-time Stock Research Reports
  • Excellent Stock Screening with 10 Year Historical Financials
  • Portfolio Management, Reporting & Rebalancing
  • Portfolio Performance Reporting

Stock Rover is not for day traders; it is for longer-term investors that want to maximize their portfolio income and take advantage of compounding and margin of safety to manage a safe and secure portfolio.

Fundamental Stock & ETF Screening ★★★

Another perfect 10 for Stock Rover as they hit the mark on company stock scanning, filtering, and fundamental watchlist. The list of fundamentals you can scan & filter on is genuinely huge.  Any idea you have based on financials will be covered with over 600 data points and exclusive stock scoring systems.

Watchlists have fundamentals broken into Analyst Estimates, Valuation, Dividends, Margin, Profitability, Overall Score, and Stock Rover Ratings.  You can even set the watchlist and filters to refresh every single minute if you wish.

The team over at Stock Rover has implemented some great functionality; I particularly like the roll-up view for all the scores and ratings.  Here I have imported the Warren Buffett portfolio, which includes his top 25 holdings.  I have also selected the “Stock Rover Ratings” tab.  This “Stock Rover Ratings” tab rolls up all analysis into a simple to view ranking system, saving a vast amount of time and effort whilst providing a wealth of insight.

Powerful Pre-Built Screeners Integrated into Stock Rover

Stock Rover already has over 150 pre-built screeners that you can import and use.  You need to have the Premium Plus service to take advantage of this, I have reviewed many of them, and they are very thoughtfully built.  One of my favorites is the Buffettology screener.

Stock Rover Stock Rating Engine Helps You Find Great Stocks To Invest In
Stock Rover Stock Rating Engine Helps You Find Great Stocks To Invest In

Stock Rover Warren Buffet Screener & Ratings. This screener is based on criteria described in the bestselling Buffettology book. The company should have a 10-year track record of generally increasing EPS with no negative earnings years; long-term debt, not more than five times annual earnings; average ROE over the past ten years at least 15%, average ROIC over the last ten years at least 12%, and earnings yield should be higher than the long term Treasury yield. Here is another screener that I really like.  If you select any screener, in this case, I chose the “Strong Buys Screener” the Fair Value Screener and simply selected the “Fair Value” tab; I was rewarded with arguably the killer features of Stock Rover.  The Fair Value and Margin of Safety analysis and rankings.  These analysis factors are a nightmare to calculate yourself manually, and it could be said, warrant the investment in Stock Rover all by themselves. Read more about setting up your Warren Buffett stock screener with StockRover.

Stock Rover Research & Stock Ratings ★★★★★

The team over at Stock Rover has implemented some great functionality; I particularly like the roll-up view for all the scores and ratings.  Here I have imported the Warren Buffett portfolio, which includes his top 25 holdings.  I have also selected the “Stock Rover Ratings” tab.  This “Stock Rover Ratings” tab rolls up all analysis into a simple to view ranking system, saving a vast amount of time and effort whilst providing a wealth of insight.

Stock Rover - Simply The Best Stock Screener
Stock Rover Simply The Best Stock Screener. The Warren Buffet Scan

Stock Rover already has over 150 pre-built screeners that you can import and use.  You need to have the Premium Plus service to take advantage of this, I have reviewed many of them, and they are very thoughtfully built.  One of my favorites is the Buffettology screener.

News & Social Media Integration ★★★

Stock Rover pulls in information from Yahoo Finance and Benzinga News.  The news feeds are not real-time, but they are useful.  If it is a priority for you, you can subscribe to Benzinga News separately.  When it comes to the social chat and community, there is no perceivable service within Stock Rover.

Stock Charting & Technical Analysis ★★★

Looking at stock charts with Stock Rover is different from all the other software vendors on the market.  Whereas MetaStock & TradingView focus on hundreds of technical analysis (price/volume) indicators, Stock Rover focuses on charting the fundamental financial strength indicators.

With over 154 different financial indicators and only nine technical analysis indicators, Stock Rover is not the best service for technical analysis or frequent trading. Still, it is by far the complete package for fundamental income, growth, and value investors.  So, although this section is for technical analysis, they are so good with charting fundamentals.

Stock Rover Backtesting ★★

Again, we have to think of Stock Rover differently from other stock charting analysis packages.  Stock Rover provides ten years of backdated financial information and scanning possibilities, better than all other stock screening package.


Liberated Stock Trader Beat the Market Screener Exclusively on Stock Rover

Breaking news on May 26, 2020. I have finished work on a Stock Screener that has outperformed the S&P 500 by 50% over the last seven years. I used Stock Rover’s excellent backtesting and historical database to achieve this.

This Liberated Stock Trader Beat the Market Screener (LST BTM) is built into the Stock Rover library and is available to all Stock Rover Premium Plus Subscribers.


Is Stock Rover Easy to Use? ★★★

Within 15 minutes, I was using Stock Rover, no installation required, and no configuring data feeds; it was literally just there.  Even better is the fact it there are so many curated screeners and portfolios to import and use; you are instantly productive. It is quite a feat that it is easy to use, considering Stock Rover has so many powerful scoring and analysis systems.

Stock Rover Summary

Stock Rover wins our Stock Market Software review by providing the best software for value and income investors. A 10-year financials & fundamentals historical library plus incredible scanners including all of Warren Buffett & Ben Graham’s favorite criteria. Fair Value, Margin of Safety, and so much more.  If you are a long-term investor, this is the software for you.

Try Stock Rover + Get A Bonus*Read The Detailed Stock Rover Review

*If you register for Stock Rover, contact me and let me know your username & I will send you the Liberated Stock Trader Crash Detector Training Course & Book worth $49 for free, and you also get the “Beat the Market Screener” with Stock Rover Premium Plus.

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5. TrendSpider: Winner Best Automated Stock Chart Analysis Software

Best for all traders seeking cutting edge AI software that automates technical chart analysis, trendline & pattern recognition. TrendSpider has robust system backtesting, automated Fibonacci & Candlestick recognition covering Stocks, ETFs, Fx & Crypto Markets.

Price: $27 -$69Pros
Trade Commissions: N/A★ Automated Trendline & Fibonacci Detection
Rating ★★★★★★ Automatic Multi-Timeframe Analysis
★ Code Free Backtesting
★ Real-time Data Included
★ Stocks, ETFs, Fx, Crypto, Futures
Cons
Free 7 Day Trial✘ No Auto Trading (Yet)
✘ No Social

TrendSpider Automated Chart AnalysisThe TrendSpider team is innovating at breakneck speed, and the features they are innovating are unique to the industry with trendline automation, pattern recognition, and multi-timeframe analysis.

TrendSpider Pricing and Software ★★★★★

TrendSpider has an excellent price point starting at $27 per month, which includes real-time data. The Elite Trader Plan is $37.25 per month, has everything the PRO plan has, and includes after-hours and pre-market data, OTC, Forex, and Futures data.  On top of that, you get 20 Dynamic Alerts.

TrendSpider - Most Innovative Newcomer
TrendSpider – Automating Stock Chart Analysis

They have also expanded to cover Forex, Crypto, ETFs, and Futures, which means you can apply the stunning Auto Trend-lines and Multi Time-Frame Analysis on many different markets.

The platform is built on HTML 5 and needs Zero installation and Zero data feed configuration.  The system runs on all platforms, from smartphones to PCs.

Automated Technical Analysis ★★★★★

Packed full of innovative technical analysis tools means that TrendSpider is catapulted to the top of this list.  If you are a serious market analyst, then TrendSpider will help you do the job quicker, with better quality, and help you not to miss an opportunity.  The automated trendline detection and plotting do a better job than a human can; using algorithms, the system can detect thousands of trends-lines and flag the most important ones with the highest backtested probability of success.

The automated trendline & candlestick detection and recognition do a better job than any human

The multi time-frame analysis means being able to view multiple time-frame charts on a single chart with the trendlines plotted automatically.  Another great feature is the advanced plotting of support and resistance lines into a subtlely integrated chart heatmap.

Automated Trendlines with TrendSpider
Automated Trend lines with TrendSpider

6 Innovations Unique To TrendSpider:

  1. Automated trendline detection and plotting; this does a better job than a human can; using algorithms, the system can detect thousands of trends-lines and flag the most important ones with the highest backtested probability of success.
  2. Automated multi time-frame analysis, which means viewing multiple time-frame charts on a single chart with the trendlines plotted automatically.
  3. Advanced plotting of support and resistance lines into a subtlely integrated chart heatmap.
  4. Automated Fibonacci Detection & Mapping unique to TrendSpider
  5. Integrated backtesting of automated trendlines, showing win-rate, profitability, and drawdown.
  6. Raindrop Charts, a wholly unique and intuitive way to visualize volume profile or volume at price action.

This has three massive benefits:

  1. It saves traders and professional analysts a lot of time and can provide an edge in the market.
  2. It uses mathematics & AI to help traders spot trends they would have missed.
  3. It helps beginners to learn how to draw trend lines.

TrendSpider Market Scanning ★★★★✩

TrendSpider is developing new features at breakneck speed, but this one is big. The latest innovation from the TrendSpider team is the “Market Scanner.”  This enables you not only to scan a specific stock but the entire market for shares matching your technical criteria.  This is a significant step forward, combining AI trend detection and analysis with the ability to scan the whole stock market.

TrendSpider takes a different approach to backtesting.  Because the platform is built from the ground up to automatically detect trendlines and Fibonacci patterns, it already has an element of backtesting built into the code.

The highest probability trendlines are automatically flagged, and you can adjust the sensitivity of the algorithm that controls the detection to show more or fewer lines.

TrendSpider BackTesting Entry & Exit Point Chart
TrendSpider BackTesting Entry & Exit Point Chart

Adding to this, they have implemented a strategy tester that allows you to freely type what you want to test, and it will do the coding for you.  It is a smooth and straightforward implementation that had me up and running in minutes.  One of the elements I really like is the ability to adjust your backtest conditions on the fly, and the “Price Behaviour Explorer” and “System Performance Chart” automatically update.   You can jump into coding if you want to, but the key here is that you do not HAVE to.

TrendSpider Stock Systems & Backtesting ★★★★✩

Integrated backtesting of automated trendlines, showing win-rate, profitability, and drawdown are new additions and warmly welcome. The team is finally propelling TrendSpider into one of the leading technical analysis packages in the industry.

Is TendSpider Easy to Use? ★★★★✩

TrendSpider’s innovations mean you will need a little time to understand what they are telling you.  For example, seeing hourly, daily, weekly trend lines plotted on the same chart might be confusing at first. Still, after applying a little effort, you might find you cannot live without them—an excellent score on usability.

Try TrendSpider with a Free 7 Day Trial *Read the Full TrendSpider Review

*If you register for TrendSpider, contact me and let me know your username & I will send you the Liberated Stock Trader Crash Detector Training Course & Book worth $49 for free.

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6. TC2000: Best Stock Charting/Scanning & Broker Integration

Recommended for traders in the USA & Canada seeking rapid entire market scanning, with excellent charts & indicators. TC2000 has an integrated brokerage, meaning you can trade stocks and options directly from charts.

Price: $0 – $90/mPros
Trade Commissions: $4.99 per trade★ Fantastic Charts & Indicators Selection
Rating ★★★★✩★ The Best Technical & Fundamental Stock Scanning
★ Trade Directly From Charts
★ Real-time Exchange Data
★ Very Good Margin Rates
Get TC2000 FreeCons
✘ No Backtesting
✘ No Social

TC2000 has long been one of my favorite tools; I have been a subscriber for over 20 years and find the latest release v18.x to be another step forward.  Endlessly customizable and scalable, the platform offers nearly everything an investor will need.
Recommended By Liberated Stock Trader - TC2000
TC2000 Pricing and Software ★★★★★

TC2000 is a big hitter when it comes to software and pricing.  TC2000 runs on everything, your iPhone, your Tablet, your Mac, and your PC.  It is also priced very reasonably, starting at Free.

If you trade U.S. Stocks, ETF’s or Mutual Funds, then this is a great solution.  Worden Brothers also provide regular live training seminars across the USA, which are of very high quality.

TC2000 Trade Management ★★★★★

Worden recently released TC2000Brokerage offering discount brokerage services at $4.95 per trade.  This integration means a tight integration for trading stocks from the chart screen and one of the best implementations of Stock Options trading visualization available.

TC2000 Fundamental Scanning and Screening ★★★★★

Make no mistake about it; if you want fundamentals screened in real-time layered with technical screens all integrated into live watch lists connected to your charts, TC2000 is a power player.

TC2000 EasyScan Dashboards
TC2000 EasyScan Dashboards

TC2000 News & Social Community ★★★✩✩

While TC2000 does not have a perceivable real-time news element, it does have integrated news with connections to Google Finance, CNN, Yahoo Finance, MSN Money, Marketwatch, and StockTwits.  If you want social community and integrated news, you will need to roll back to TC2000 v12.5.

TC2000 Technical Chart Analysis ★★★★★

TC2000 has an excellent array of technical indicators and drawing tools; all the big ones are there, from OBV, RSI, and Bollinger Bands to Fibonacci Fans and Andrews Pitchfork.  With over 70 different indicators, you will have plenty to play with.  They have also introduced live alerts that you can configure to email or pop up if an indicator or trend line is breached, very useful indeed.

Stock Systems and Back Testing ★★★✩✩.

If you want to perform powerful backtesting, then TC2000 is not for you.  You may be able to utilize the add-on product called StockFinder if you are a Platinum Member, and you specifically call support to ask for it.  However, StockFinder is no longer in active development, which is a shame because I think it was a very good backtesting suite.

Ease Of Use ★★★★★

One of the easiest to use packages available places the icing on the cake for the Worden Brothers.

Get TC2000 for Free Now + Bonus*Read the Full TC2000 Review

*If you register for TC2000, contact me and let me know your username & I will send you the Liberated Stock Trader Crash Detector Training Course & Book worth $49 for free.

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7. Optuma: Technical Analysis Software for Pro Technical Analysts

Recommended for professional technical analyst traders who value Bloomberg Terminal integration & exotic Gann, Point & Figure & Astronomical charts.

Price: $82 – $207/mPros
Trade Commissions: IB★ Great Technical Analysis Charts
Rating ★★★✩✩★ High-Quality Quant Backtesting
★ Gann Charts & Seasonality Charts
★ Professional Enterprise Services
★ Very Good Margin Rates
Visit OptumaCons
✘ No Social
✘ Separate Datafeed Required

 

Optuma is a technical analysis stock charting tool created as the brainchild of Mathew Verdouw, a leading technical analyst.  Optuma is developed for professional technical analysts in financial institutions but is also available to retail investors. Optuma specializes in exotic charts such as Gann & Relative Rotation Graphs.

Optuma Pricing & Software ★★★✩✩

Optuma is at the top end when it comes to price. You will need a powerful PC to run it, but with IQFeed, GFT and MT4 data integration’s, excellent customer services, and the full range of instruments covered (Stocks, EFTs, Mutual Funds, Options, Futures, FOREX, Bonds) for the premium price you get the premium package.

Starting at $82 per month for “Optuma Trader,” you will get the end of day data from 5 country groups, which is more than enough.  Stepping up to “Optuma Enterprise” at $207 per month adds lots of unique features like Market Intelligence Charts, Full Relative Rotation Graphs (RRG), 3D Charts, Regression Charts, and Quantitative Signal Testing.

Optuma Scanning & Screening ★★★★✩

Optuma is squarely aimed, as you can see from the price,  at professional traders and wealth managers.  Their clients are tier one Wall Street investment houses.  But you can still take advantage of their first-class solution.  If you have a Bloomberg feed already established, this also offers a new world of data and fundamental analytics.  This slick integration of fundamentals into the charting and analysis means this is a significant improvement over a Bloomberg terminal and warrants it as a clear leader in this space.

You can build watchlists with fundamental data, and everything operates in real-time; advanced scanning includes an excellent 3-dimensional sector map.

A well thought out real-time scanning and filtering engine and the fundamental watchlists are well implemented.

Optuma Technical Analysis & Charts  ★★★★★

A fantastic array of technical indicators (400+) and drawing tools.  There is a rich choice of chart types, of course, bar, line, candlestick, but many more such as Point & Figure charts.

Optuma also specializes in Gann tools with a full suite, including Gann Grid Lines, Gann Fans, Gann Swing, and even a square of nine charts.

In terms of indicators, they have the best selection on the markets, included are Elliott Wave and Darvas Box, Ichimoku & Parabolic SAR; in fact, the full set of exotic indicators are present.

To top it off, they have also implemented an excellent astrological analysis suite as an upgrade for those who believe in that sort of thing; yes, commodity traders, I am talking about you :).

Innovative Wheel Chart Analysis with Optuma
Innovative Wheel Chart Analysis with Optuma

Optuma Systems & Backtesting ★★★★✩

Optuma has backtesting well covered also, with a well-implemented backtesting and system analysis toolset, which is up there with the industry leaders. Still, unlike the others, you do not need a Ph.D. in mathematics to set up and test your system.  The advanced programming language which connects all of Optuma together is simple to use, and there are many detailed and helpful videos available so you can also teach yourself.  The code runs lightning-fast, and you can scan entire markets quickly and effectively.

The quality of the backtesting and advanced statistical analysis is because the CEO Mathew Verdouw and many of the development team are certified Chartered Market Technicians (CMT) and Certified Financial Technicians (CFTe) like myself.  So the quality of the testing tools is first class.

Visit OptumaRead the Full Optuma Review

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8. Scanz: Easy to Use Yet Powerful News & Technical Stock Scanner

Recommended for Day Traders, who want a super simple and slick workflow, real-time streaming charts & news and unique Level II data, Dollar Volume Information & excellent broker integration

Price: $149/mPros
Trade Commissions: See Broker★ Good Technical Analysis Charts
Rating ★★★✩✩★ Realtime News & News Scanning
★ Excellent Broker Integration
★ Technical Chart Market Scanning
Visit ScanzCons
✘ No Social

Scanz Stock Markets Analysis & Screening Software

With their slogan “Find It, Trade It, Profit,” Scanz is considered a solid tool for Day Traders. However, with the advent of TradingView, the largest trading community platform Scanz has fierce competition.

Scanz Pricing & Software ★★★✩✩

Scanz specializes in providing real-time data and news fast directly to your screen.  Scanz has a high price point of $149 for the full news and scanning package, but you do get a lot for your money, as we will explore later in this review.

Data speeds are excellent, and it has excellent U.S. data coverage, including extensive Over-The-Counter markets (OTC: BB, OTCQX, OTCQB, OTCPINK, GREY)

Scanz News & Social ★★★★✩

The deal news section in Scanz is very good; I really like the simple implementation; you can get the low down on contracts and deals struck between companies.  This can give you an edge if you can quantify the deal’s impact on the company’s bottom line. Scanz also has a strong focus on news services, but it is let down by having no social integration.

Trading With Scanz ★★★★✩

Scanz has the “Chart Montage” functionality, enabling an ultrapowerful way of trading off the charts. This single window contains a wealth of critical trading information, including real-time streaming news, level 2 data, including time and sales.

The Scanz Team has a fantastic set of integrations to your broker to enable this, which includes RealTick, Sterling Trader, LightSpeed, and, most importantly, TD Ameritrade and Interactive Brokers, two of the powerhouses of the brokerage world.  So, the chances are your broker of choice already covers you.

Fundamental Scanning & Screening ★★★★✩

Scanz contains many fundamental screens.  But what is the key for days traders?  The ability to scan entire markets for liquidity and volume patterns to find volatility you can trade for a profit.  This makes the Scanz unique offering.

Scanz Streaming News
Scanz Streaming News

 

Visit ScanzRead the Full Scanz Review

 

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9. VectorVest: Solid Scanning & Market Timing Stock Trading Software

Trading software to help simplify market timing, stock strength, and valuation. Add to that general Buy & Sell ratings on stocks, and it is worth a look.

Price/m: $69-$129 Pros
Trade Commissions: See Broker★ Simple to Follow System
Rating ★★★★ Specific Buy & Sell Signals
★ Market Timing Signals
★ US, Canada, Australia, & Euro Stocks
Visit VectorVestCons
✘ Expensive, Especially With Add-ons
✘ Provides Signals With No Proven Track Record
✘ Limited Number of Chart Indicators

 

VectorVest Review

Pricing and Software ★★★✩✩

VectorVest has 3 tiers of service. Basic $69/m, Enhanced $89/m, and Premium $129/m. The basic service is missing much of the benefits of VectorVest. I would recommend the enhanced service, good for investors, or the Premium for those who want to swing or day trade. In terms of pricing, Vectorvest is neither expensive nor cheap; it sits in the middle. It does not compete with TradingView, MetaStock, or TrendSpider, who offer incredible value for money.  But the competitors do not offer the level of simplicity of VectorVest.

Trade Management ★★★★✩

VectorVest software is incredibly easy to use because it is designed to promote the Value, Safety, and Timing system. This means they have a minimal variety of stock market indicators; they provide only what is needed to trade within their VST system parameters.

VectorVest Covers The Following Stock Exchanges:

  • 8000+ US Stocks & Indices
  • 2,500+ Canadian Stocks
  • 2,000+ Australian Stocks
  • 2,000+ UK Shares
  • 2,000+ European Stocks

Scanning and Screening ★★★★✩

VectorVest continually evaluates every stock on the exchanges they cover to provide their propriety ratings.

  • RV Relative Value shows the estimated return versus a AAA Corporate Bond.
  • RS Relative Safety measures the consistency of a companies financials.
  • RT Relative Timing is a technical indicator that attempts to define the short term trend of a stock.
  • VST Value-Safety Timing indicator is an aggregation of RV, RS, and RT, essentially rolled up into one number.
VectorVest RV, RS, RT & VST Stock Rating System
VectorVest RV, RS, RT & VST Stock Rating System

News & Social ★★✩✩✩

VectorVest does not have any specific features to enable social chat or community within the software.  They do, however, provide a weekly market update to subscribers; these are available on youtube.

Some of their customers complain about the cost of the training courses available through VectorVest and also the constant focus of VectorVest trying to sell the courses and add-on products.

Technical Analysis ★★★✩✩

VectorVest has around 20 technical indicators and drawing tools, including:

  • Trendlines, Gann & Fibonacci
  • Moving Averages, Momentum, RSI and Stochastics

If you are an experienced technical analyst who wants to perform detailed charting analysis, you may need to look at MetaStock with 300+ indicators or TradingView with 160+ indicators.

Visit VectorVestRead the Full VectorVest Review

 

10. QuantShare: Budget Neural Network Stock Backtesting Software

Recommended for Quantitative Analysts who develop powerful automated systems and value a huge selection of shared user-generated systems and powerful technical analysis tools.

Price: Software $245 One TimePros
Trade Commissions: See Broker★ Perfect For Quants Wanting To Automate Trading
Rating ★★★★ Sharing Servers For System Sharing
★ Active Community
★ Very Good Backtesting
Visit QuantShareCons
✘ Programming Knowledge Required
✘ Interface

Pricing and Software ★★★★✩

Quantshare is a Windows-based stock analysis software package that operates primarily offline. Quantshare offers charting, 300+ Indicators, and portfolio analysis tools. Interestingly, Quantshare has AI and Neural Network learning functionality and even automated trading with IB for the hardcore quantitative analyst.

An extremely cost-effective solution with one-off pricing available, meaning no monthly charge, just $245 upfront.

Scanning and Screening ★★★✩✩ 

In terms of market scanning and screening, the data you can select are essentially technical data based on stock price, volume, and plotted indicators.  You will not find fundamental screening such as EPS, PE Ratio, or Cash Flow. Watch-lists can be tricky to set up—further development is required here.

News & Social ★★★✩✩

Including news and the StockTwits integration save the day here for QuantShare; the news is not real-time but certainly does add value.

There are scripts within Quantshare that allow you to scrape sites like Google News and then plot the news on a chart.  This allows you to correlate the news stories and the historical impact the stories had on the price patterns.  This is not real-time news, and it can only give you a historical perspective.

There is a heavy focus on the sharing aspect of systems with sharing servers, which enable people to connect and share systems, perfect for the quantitative analyst.

Technical Analysis ★★★★✩ 

With a large selection of technical indicators to choose from (300+), this package gives you plenty of options in the chart analysis arena.

QuantShare Stock Charts
QuantShare Stock Charts

Stock Systems and Backtesting ★★★★✩ 

QuantShare specializes, as the name suggests, in allowing Quantitative Analysts the ability to Share stock systems.

This means they have a huge systems marketplace with a lot of accessible content that you can test and use.

If you have a programmatic mind, you can implement and test an endless list of possibilities.  They do also offer Point & Click implementation of systems. They also have powerful prediction models using Neural Networks.

This is a seriously advanced software for those with the inclination to test, forecast, predict, and automate.

Ease Of Use ★★✩✩✩

This software package is not the easiest to use, and the interface requires serious development effort.  The learning curve will take a time investment on your part.

Try QuantShare NowRead the In-Depth QuantShare Review

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Best Stock Trading Platforms Comparison Summary

Top 5 Best Stock Trading Platforms

  1. TradingView: Best for Global Stock Crypto & Forex Trading from Charts
  2. Trade Ideas: Best AI Stock Market-Beating Trading Signals USA
  3. TC2000: Best for Trading Stocks & Options From Charts USA
  4. Scanz: Good Trading & Scanning Platform for IB & TDA Clients
  5. Stock Rover: Best for Stock Research, Screening & Portfolio Mgt
Trade ManagementTradingViewTrade IdeasScanzStock Rover
Broker Integration Stocks
Place Trades from Charts
Live Position P&L
P&L Analysis
Trade Management Score101010109
Stock Market Software Review - Trade Management Comparison - Table 2

View the entire 15 Stock Market Software Platforms Comparison & Results Tables

Top 4 Best Stock Analysis Software for Investors

  1. Stock Rover: Winner Best Stock Screener & Fundamental Analysis Software
  2. TradingView: Best for Screening & Analysis of Stocks, ETF’s, Fx & Cryptocurrency
  3. MetaStock: Best for Institutional Grade Financial Analysis & Screening
  4. TC2000: Best for Real-time Market Technical & Fundamental Scanning USA
Fundamental Scanning & ScreeningStock RoverTradingView
Real Time Scanning & Filtering
Fundamentals Scanning
Watch Lists with Fundamentals
10 Year Historical Financial & Fundamentals
Advanced Value & Income Investing RankingsFair Value
Margin of Safety
Extended Economics Fundamentals (New)
Fundamental Screening Score10999
Stock Market Software Review - Fundamental Analysis Comparison - Table 3

Top 3 Real-time Stock News & Community Platforms

  1. TradingView: The King of Social & Community Trading & Ideas Sharing
  2. MetaStock: Best Real-time News Service powered by Reuters Global
  3. Scanz: A Solid, Well Organized Real-time News Service
News &
Social
TradingViewScanz
News Feed
Real-Time News Feed
Economics & Deal NewsKiplinger
Futures
ReutersDeal News
Market Commentary
Community Chat
Live Trading Room
News Score10109
Stock Market Software Review - News Services & Social Comparison - Table 4

Top 5 Best Technical Analysis Software

  1. MetaStock: Best for The Most Powerful Technical Analysis, Charting & Indicators
  2. TradingView: Powerful Stock Charts & Large Selection of Indicators
  3. TrendSpider: Best for Automated Technical Analysis & AI & Machine Learning
  4. TC2000: A Great Charting Platform & Ability to Create Personal Indicators
  5. Optuma: Great for Exotic Charts Like Gann, Elliott Wave & Darvas Box
Technical AnalysisTradingViewVisit TrendSpider
Charts
Bar, Line, HLC, Candlestick
OthersP&F,Market ProfileP&F, Kagi, Heikin Ashi, Renko, Line BreakHeiken AshiHeiken Ashi Market Profile
Bollinger Bands, MACD, Parabolic SAR, Ichiomoko, MACD, Fbonacci
Volume at Price✔ Raindrops
Darvas BoxProbability Box
Elliot WaveGann Swing
Total Number of Indicators300+160+57+240+400+
Gann Indicators
Trend Alerts
Automated Trend Lines
Multi Time-Frame Analysis
Automated Fibonacci
Technical Analysis Score1010101010
Stock Market Software Review - Technical Analysis Charts & Indicators - Table 5

5 Best Stock Market Prediction Software

  1. Trade Ideas: Winner – Proven AI-Driven Trade Prediction & Forecasting Signals
  2. MetaStock: Excellent Market Prediction, Forecasting & Backtesting
  3. TradingView: Create Any Backtesting System You Need with Pine Script
  4. TrendSpider: Best for using AI to Detect Chart Patterns to Backtest.
  5. Optuma: High-Quality System Backtesting & Statistical Analysis
Systems & BacktestingTrade IdeasTradingViewVisit TrendSpider
System Marketplace
Create Customizable Systems
Back Testing Point & Click
Back Testing Programmatic
Forecasting (new)
Automated Trendline Detection & Backtesting (New)
Artificial Intelligence (AI) Trade Ideas (New)
Robotic Trading (New)
Systems & BackTesting Score1010998
Stock Market Software Review - Systems & Backtesting - Table 6

4 Best Stock Trading Platforms for Beginners

  1. TradingView: Easy to use for beginners, intuitive, and a community to help you learn.
  2. Stock Rover: For Beginner Investors the Easiest & Best Stock Screener & Portfolio Management Software
  3. TC2000: Built-in Templates Get Beginners Up & Running Quickly
  4. TrendSpider: One-Click & It Works, A Smooth Clean Interface & Good Support Ensures a Good Experience
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So now it’s over to you. Did you find this review useful, do you agree or disagree, have you found better software to be included in the review? 

Let us know, leave a comment below, or share it with friends.

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Notes on the Review:  Liberated Stock Trader partners with the best companies in the investing business.  See our Partners Page for more information.

48 COMMENTS

  1. Hi,

    until now I never used one of these services, but when it comes to screening, how does it work:
    Do I have to put in My own details for a good setup, or is there any (?) software that suggests me its own ideas [many different types you can think of, from classical technical analysis over Elliot-Waves to c-stick patterns]?!
    So when it only comes to this – screening – what would you say is the best software?
    Thanks

    • Hi Andy, with the top packages you can screen on Fundamentals, e.g. Low PE, High EPS last quarter, increased revenue. You can also screen on technical analysis, price above 20 day moving average or stocks at 52 week low. It really depends on how you want to trade, on fundamentals or technicals or both. I prefer both. Stocks moving higher from a lower base, with good fundamentals. Both technical and fundamental work, and Metastock, TC2000 perform the job really well. If you are in the US and want to trade Fundamtals and technical via screening then TC2000 is really easy to use and very powerful. Metastock has powerful Advisor wizards for things like Elliot waves etc.

  2. You should have listed the also rans and their rating just so we know what were covered and what were left out. Also, perhaps you can do the same for scanners both stand alone as well as part of packages like above.

    • Good idea, I will add it for the 2018 version coming soon, thanks TR

  3. Barry, I just took a look at tradingview and I have been around some years investing, it loooks great, nice find. thanks for the ideas.

  4. Have you ever evaluated Stockopedia, based in the UK? If not please consider taking a look at themin the future.
    Thanks.
    Ron Wacik

    • Hi Ron, I never heard of it. I just had a quick look, seems to have some good functionality, but quite expensive. I will check deeper next round.
      thanks Ron

    • Hi Darren, well I did do a review of its free features over on this page. https://www.liberatedstocktrader.com/top-10-best-free-stock-charting-tools/
      You can see how it compares to other free charting tools. For me it misses some backtesting features and customers indicators and charts. But I might be wrong. What are your views as to how it stacks up? Perhaps I will review it for the next round. Let me know.

  5. I use to use Stockstotrade, and one day I go to log on and it said my account was suspended, I called and wrote customer services and they said it was do to Market Compliance inconsistencies. because they didn’t have any of my job info. I wrote back and explained I wasn’t working at the time. and for nothing they never wrote me back, no response no nothing. this mad me really upset, I was sitting there with the market about to open with this platform that suspended, my account for what I believe is bull sh1t. Also Stockstotrade wasn’t a very good platform anyway always shutting down on me at the worse times, it literally shutdowns on you every time you try to open a window or try to click on a ticker. for $200 dollars a month it was def not worth and I wouldn’t recommend to anybody, and everytime id bad mouth it on profitly Tim Sykes would threaten to kick me off the chat for life! Hey Tim its not my fault you platform is a piece of sh1t! why don’t you make it better instead if threatening people!

    • Hi Joseph, there certainly are a lot of RIP off stories in the markets. I heard of this guy, he certainly has some intense sales pitch. I think it is best you choose your own stocks and go with a professional discount brokerage to execute your trades. Try the book, the “little book that still beats the markets” over on https://www.liberatedstocktrader.com/top-20-stock-market-books-review/ it is a good read and give a taste of a half decent screening system of your own.

  6. By the way, the stockstogo website has been hacked with malware. If says chrome is out of date, and kicks off an auto download of an .exe file call chrome, that my Browser (Chrome) says is malicious.

    Everyone – do not go to that site.

  7. I am just getting started and first contacted Apiaryfund which is exclusive for education about forex trading by Shawn Lucas where I loaded an analysis tech software called Alveo which I can use free for 30 days until a $97/mo fee is deducted. I don’t see that one in this analysis so trying to decide is a little overwhelming. Another analysis tool is a live trading signals provided by Trading Advantage for $3000 which includes, after dragging my feet, Options, Stocks, and day trading and for more you can branch out for more kinds of investments. The tools reviewed here seem much cheaper but it is hard to compare. Anybody have suggestions?

    • Hi Miguel, $97 per month is expensive for Trading Software. I guess these companies are throwing in training also. But seems expensive. If you want to trade forex, then a CFD broker would work out a lot cheaper. Usually the trading software MT4 & 5 is free. The Best FOREX Brokers review is here. Many of them have education, free software and analysts providing ideas and signals.

      MetaStock on this list also have expert advisors and idea strategies (predeveloped systems). TradingView also have traders you can follow

      $3000 also seems very expensive, I assume with that you get a live trading room also.

      I have never used a live trading room I prefer to go it alone, and also I do not day trade, I buy great stocks as a portion of my portfolio and let em run until they make a lot of profit (e.g. NFLX I am up 77% since Dec 5 2017) or disappoint. It is easier money and less effort than day trading. I like to have a life.

      I would suggest the PRO Training first – so you have a great understanding of investing and technical analysis – then if you want a trading room later using your own software – much cheaper go for that.

      Its up to you

  8. Thanks, Barry, for the intro to TradingView and QuantShare, which had not heretofore popped up on my radar. Taking a closer look at them. I am surprised that Amibroker is not included in your review, however. Though not free, it’s reasonably priced (i.e., it’s a one-time charge to buy, good for 2 years of upgrades, and then a reasonable annual fee for upgrades thereafter), and it has been well-known as one of the most robust platforms, on the technical side, for the building and backtesting of trading strategies and screeners for a long time. Granted, there is a learning curve getting up to speed on it’s well-designed programming language (AFL) if you are to make full use of it, but the same can be said for TradeStation’s Easy Language. Again, thanks for the reviews of some very promising software.

    • thanks for the feedback and details on AmiBroker, I will take a look at it for the next review.

  9. Just a couple of questions…does Tradingview or TC2000 allow the use of a 4 monitor setup? How does eSignal compare to Tradingview and TC2000? Why does Tradingview make purchasing the program (Platinum in my case) so difficult: there was apparently an error in my application so “Payflow” informed me an error had occurred but never sent me back for correction. All efforts to contact Tradingview failed because I am recognized as a “FREE” user and there is just too many of us to take inquiries. Now my personal information and card information is out there and no way to trace. Tradingview may be great technically but customer support is way down their list of important things to do. Any suggestions?

    • Hi Stephen, Trading View does allow the use of multiple monitors, you can either open separate browsers for each window and configure them accordingly or stretch the browser across all 4 monitors and configure. I think the former is better but it takes a little more fiddling around when you start your trading day. You can have 8 charts per browser window with the premium plan and have multiple windows. Regarding your payment, sorry to hear that, to log a support request, open your profile and there is a “contact support” button. If you still have trouble, send me an email with your tradingview user ID – via “Contact Us” and I will drop my contacts a message. Alternatively, metastock is also an excellent option and better configurable for multimonitor setups.

  10. I like IB’s platform. Not really a fan of Tradestation, as its platform feels a bit old and clunky.

  11. Hi Barry-I just signed up for the 30 day trial for TradingView Pro+ and found that they don’t provide forward PEs. Probably one of the most important fundamental indicators used to evaluate a company. Any idea why they wouldn’t provide that – or do they and I just can’t find it? Also, what do you think about StockRover? No realtime data feed so not optimal

    • Hi Jim,

      you are correct I took a look and tradingview does not have a Forward P/E, I raised the topic for you on the forum, perhaps we get a reply. Regarding Stock Rover, I have never heard of it before, perhaps I will include it in a future review. Thanks for your comment.

    • Try this post https://www.liberatedstocktrader.com/stock-screener-review/

  12. Barry-thought Vector Vest would have scored higher in most areas, their ranking system is so simple & efficient. Will def. look at tradingview and tc2000, any input would be appreciated.-Eric

    • Hi Eric, good question. I know Vectorvest has its fans, but based on the criteria of the testing, technical analysis, access to markets, backtesting, forecasting, social.. it did not score too well. What are your experiences of the signals from VectorVest, do you make money based on its recommendations? I would be interested to hear from you.

  13. Hi Barry appreciate the extensive detail you went into. What initially brought me here is I’m seeking quality equivolume charts. I see you’ve got tradingview listed as a possibility. They’re my main source for charting and would love to use equivolume on their platform. Unfortunately I haven’t been able to find anything about it on their main site. Do you know where to direct to me to or have other recommendations for equivolume charts? Metastock definitely looks interesting. Looking for crypto support though.

    May be too much of an ask for equivolume AND crypto. Still would greatly appreciate any input on the situation.
    Thanks, Dylan

    • Hi Dylan, thanks. From the vendors I reviewed, Equivolume is available in tradingview premium, metastock and quantshare. I studied equivolume but never found a great use for it as it makes it impossible to draw trend-lines because the bars change width. I guess you have a nice system based on it. 🙂 Best of luck with your trading. Let me know how you get on.
      Barry

  14. Barry, amazing analysis! Which provider or platform you would recommend for automated robot of mechanical trading system developed by me ? Thank you

    • Hi Ed, no I have not. Let me take a look in the next round of reviews.

      thanks for the comment

  15. Hey, really cool article.
    I was just wondering though how Ninjatrader compares to Metastock in terms of automated trading.
    Also, what do you think is the most comfy automated trading platform?

    • Hi Anton, we have Metatrader covered in this review, as it is mostly provided free when you sign up with a broker.
      https://www.liberatedstocktrader.com/best-metatrader-brokers-mt4-mt5/
      Barry

    • Hi Anton, thanks for the comment. Ninjatrader does have automated trading, Metastock does not.
      https://www.liberatedstocktrader.com/top-10-best-stock-market-analysis-software-review/#Comparison_Table_Stock_Prediction_Software_Backtesting_Forecasting_AI_Trading
      The 2 options you have for fully automated trading are Ninjatrader and Tradestation.
      Barry

  16. Which software is better for the country like India, Bangladesh, Pakistan, Nepal here the need of trading software is growing?

    • Hi Luke, Hopefully, this article helps. https://www.liberatedstocktrader.com/best-trading-platforms-for-day-traders/
      Trendspider automates trendlines pattern recognition and backtesting
      TradingView allows automated execution of trades via pine script with its integrated brokers

  17. Just signed up for TradingView. How do I connect with your website through it and take advantage of your generous offer?

    • Hi Ron, you can find me here on tradingview. https://www.tradingview.com/u/liberatedstocktrader/
      simply click the follow button and drop me a message in tradingview with your email address. thanks Barry.

    • Hi Hugh, I never considered to include IBD in the testing, I will do it in the next round of reviews, thanks for the idea.
      Barry

    • Hi Ty, I sure, do, here is a freshly minted Vectorvest review https://www.liberatedstocktrader.com/vectorvest-review/

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